Miller Total Revenue vs Net Income Analysis

MLR Stock

USD 67.25 0.42 0.63%

Miller Industries financial indicator trend analysis is infinitely more than just investigating Miller Industries recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Miller Industries is a good investment. Please check the relationship between Miller Industries Total Revenue and its Net Income accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Miller Industries. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

To learn how to invest in Miller Stock, please use our How to Invest in Miller Industries guide.

Total Revenue vs Net Income

Total Revenue vs Net Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Miller Industries Total Revenue account and Net Income. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Miller Industries' Total Revenue and Net Income is 0.9. Overlapping area represents the amount of variation of Total Revenue that can explain the historical movement of Net Income in the same time period over historical financial statements of Miller Industries, assuming nothing else is changed. The correlation between historical values of Miller Industries' Total Revenue and Net Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Revenue of Miller Industries are associated (or correlated) with its Net Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income has no effect on the direction of Total Revenue i.e., Miller Industries' Total Revenue and Net Income go up and down completely randomly.

Correlation Coefficient

0.9

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Total Revenue

Total revenue comprises all receipts Miller Industries generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.

Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in Miller Industries financial statement analysis. It represents the amount of money remaining after all of Miller Industries operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

Most indicators from Miller Industries' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Miller Industries current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Miller Industries. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

To learn how to invest in Miller Stock, please use our How to Invest in Miller Industries guide.At this time, Miller Industries' Enterprise Value Over EBITDA is relatively stable compared to the past year. As of 11/22/2024, Enterprise Value Multiple is likely to grow to 7.78, while Selling General Administrative is likely to drop slightly above 1.1 M.

	2021	2022	2023	2024 (projected)
Interest Expense	1.4M	3.4M	6.0M	4.3M
Depreciation And Amortization	11.0M	11.8M	13.2M	7.2M

Interest Expense Depreciation And Amortization

Miller Industries fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Intangible Assets	Good Will	Other Assets
Total Assets		0.83	0.75	0.98	0.98	0.94	0.59	0.96	0.98	0.11	0.82	0.13	0.25	0.98	0.49	0.87	0.98	-0.12	0.55	0.97	0.97	1.0	-0.47	0.62	-0.21	-0.46
Short Long Term Debt Total	0.83		0.45	0.86	0.71	0.68	0.86	0.78	0.86	-0.22	0.52	0.01	-0.08	0.85	0.18	0.99	0.91	-0.11	0.23	0.92	0.88	0.86	-0.35	0.38	0.15	-0.18
Other Current Liab	0.75	0.45		0.7	0.79	0.79	0.25	0.66	0.69	0.23	0.87	-0.05	0.32	0.72	0.71	0.5	0.66	-0.06	0.73	0.66	0.6	0.72	-0.35	0.53	-0.57	-0.66
Total Current Liabilities	0.98	0.86	0.7		0.92	0.88	0.67	0.93	1.0	-0.02	0.75	0.21	0.14	0.99	0.4	0.89	0.97	-0.14	0.46	0.99	0.97	0.99	-0.43	0.57	-0.1	-0.37
Total Stockholder Equity	0.98	0.71	0.79	0.92		0.95	0.42	0.94	0.92	0.28	0.87	0.1	0.39	0.93	0.6	0.76	0.92	-0.11	0.65	0.9	0.91	0.96	-0.47	0.68	-0.36	-0.55
Property Plant And Equipment Net	0.94	0.68	0.79	0.88	0.95		0.49	0.95	0.88	0.12	0.93	0.14	0.28	0.88	0.46	0.75	0.88	-0.18	0.51	0.87	0.88	0.9	-0.62	0.54	-0.26	-0.41
Net Debt	0.59	0.86	0.25	0.67	0.42	0.49		0.59	0.67	-0.67	0.34	0.19	-0.44	0.67	-0.2	0.85	0.69	-0.21	-0.15	0.74	0.7	0.61	-0.38	0.04	0.47	0.17
Retained Earnings	0.96	0.78	0.66	0.93	0.94	0.95	0.59		0.93	0.05	0.84	0.2	0.24	0.92	0.29	0.82	0.94	-0.19	0.35	0.92	0.94	0.94	-0.59	0.44	-0.03	-0.24
Accounts Payable	0.98	0.86	0.69	1.0	0.92	0.88	0.67	0.93		-0.03	0.75	0.22	0.15	0.99	0.39	0.88	0.97	-0.15	0.45	0.99	0.97	0.98	-0.43	0.55	-0.08	-0.36
Cash	0.11	-0.22	0.23	-0.02	0.28	0.12	-0.67	0.05	-0.03		0.21	-0.37	0.73	-0.04	0.65	-0.19	0.03	0.28	0.62	-0.07	-0.05	0.1	0.12	0.46	-0.69	-0.59
Non Current Assets Total	0.82	0.52	0.87	0.75	0.87	0.93	0.34	0.84	0.75	0.21		0.06	0.36	0.75	0.5	0.59	0.75	-0.19	0.54	0.73	0.73	0.77	-0.58	0.38	-0.35	-0.45
Non Currrent Assets Other	0.13	0.01	-0.05	0.21	0.1	0.14	0.19	0.2	0.22	-0.37	0.06		0.04	0.25	-0.24	0.0	0.07	-0.51	-0.17	0.16	0.24	0.13	0.02	-0.06	0.29	0.22
Cash And Short Term Investments	0.25	-0.08	0.32	0.14	0.39	0.28	-0.44	0.24	0.15	0.73	0.36	0.04		0.15	0.48	-0.07	0.16	-0.45	0.54	0.09	0.09	0.23	0.3	0.38	-0.57	-0.45
Net Receivables	0.98	0.85	0.72	0.99	0.93	0.88	0.67	0.92	0.99	-0.04	0.75	0.25	0.15		0.43	0.88	0.96	-0.17	0.49	0.98	0.97	0.98	-0.41	0.59	-0.13	-0.4
Common Stock Shares Outstanding	0.49	0.18	0.71	0.4	0.6	0.46	-0.2	0.29	0.39	0.65	0.5	-0.24	0.48	0.43		0.2	0.38	0.23	0.99	0.36	0.33	0.49	0.0	0.84	-0.92	-0.97
Non Current Liabilities Total	0.87	0.99	0.5	0.89	0.76	0.75	0.85	0.82	0.88	-0.19	0.59	0.0	-0.07	0.88	0.2		0.94	-0.09	0.25	0.94	0.91	0.88	-0.43	0.39	0.12	-0.19
Inventory	0.98	0.91	0.66	0.97	0.92	0.88	0.69	0.94	0.97	0.03	0.75	0.07	0.16	0.96	0.38	0.94		-0.11	0.43	0.99	0.96	0.98	-0.46	0.54	-0.07	-0.35
Other Current Assets	-0.12	-0.11	-0.06	-0.14	-0.11	-0.18	-0.21	-0.19	-0.15	0.28	-0.19	-0.51	-0.45	-0.17	0.23	-0.09	-0.11		0.11	-0.13	-0.11	-0.11	-0.29	0.14	-0.14	-0.18
Other Stockholder Equity	0.55	0.23	0.73	0.46	0.65	0.51	-0.15	0.35	0.45	0.62	0.54	-0.17	0.54	0.49	0.99	0.25	0.43	0.11		0.41	0.38	0.54	0.02	0.87	-0.91	-0.97
Total Liab	0.97	0.92	0.66	0.99	0.9	0.87	0.74	0.92	0.99	-0.07	0.73	0.16	0.09	0.98	0.36	0.94	0.99	-0.13	0.41		0.97	0.98	-0.44	0.53	-0.04	-0.33
Property Plant And Equipment Gross	0.97	0.88	0.6	0.97	0.91	0.88	0.7	0.94	0.97	-0.05	0.73	0.24	0.09	0.97	0.33	0.91	0.96	-0.11	0.38	0.97		0.97	-0.51	0.52	0.0	-0.3
Total Current Assets	1.0	0.86	0.72	0.99	0.96	0.9	0.61	0.94	0.98	0.1	0.77	0.13	0.23	0.98	0.49	0.88	0.98	-0.11	0.54	0.98	0.97		-0.42	0.63	-0.19	-0.46
Short Term Debt	-0.47	-0.35	-0.35	-0.43	-0.47	-0.62	-0.38	-0.59	-0.43	0.12	-0.58	0.02	0.3	-0.41	0.0	-0.43	-0.46	-0.29	0.02	-0.44	-0.51	-0.42		-0.03	-0.15	-0.06
Intangible Assets	0.62	0.38	0.53	0.57	0.68	0.54	0.04	0.44	0.55	0.46	0.38	-0.06	0.38	0.59	0.84	0.39	0.54	0.14	0.87	0.53	0.52	0.63	-0.03		-0.72	-0.83
Good Will	-0.21	0.15	-0.57	-0.1	-0.36	-0.26	0.47	-0.03	-0.08	-0.69	-0.35	0.29	-0.57	-0.13	-0.92	0.12	-0.07	-0.14	-0.91	-0.04	0.0	-0.19	-0.15	-0.72		0.9
Other Assets	-0.46	-0.18	-0.66	-0.37	-0.55	-0.41	0.17	-0.24	-0.36	-0.59	-0.45	0.22	-0.45	-0.4	-0.97	-0.19	-0.35	-0.18	-0.97	-0.33	-0.3	-0.46	-0.06	-0.83	0.9

Click cells to compare fundamentals

Miller Industries Account Relationship Matchups

Miller Industries fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	392.0M	398.4M	438.8M	501.4M	647.2M	679.6M
Short Long Term Debt Total	7.1M	1.5M	1.2M	45.9M	60.8M	63.9M
Other Current Liab	27.5M	22.6M	22.4M	27.6M	29.6M	20.2M
Total Current Liabilities	124.3M	110.7M	144.3M	156.1M	234.7M	246.4M
Total Stockholder Equity	257.9M	282.5M	288.5M	293.5M	347.9M	365.3M
Property Plant And Equipment Net	92.4M	100.1M	97.7M	113.1M	115.9M	121.7M
Net Debt	(19.0M)	(56.0M)	(53.1M)	5.8M	30.9M	32.5M
Retained Earnings	112.3M	133.9M	141.9M	150.1M	200.2M	210.2M
Accounts Payable	95.8M	85.5M	121.7M	125.5M	191.8M	201.4M
Cash	26.1M	57.5M	54.3M	40.2M	29.9M	27.4M
Non Current Assets Total	104.5M	112.1M	109.9M	125.4M	136.7M	82.2M
Non Currrent Assets Other	521K	434K	533K	(5.5M)	819K	1.3M
Cash And Short Term Investments	26.1M	57.5M	54.3M	40.2M	29.9M	25.8M
Net Receivables	168.6M	141.6M	154.0M	177.7M	286.1M	300.4M
Common Stock Shares Outstanding	11.4M	11.4M	11.4M	11.4M	11.5M	11.5M
Liabilities And Stockholders Equity	392.0M	398.4M	438.8M	501.4M	647.2M	679.6M
Non Current Liabilities Total	9.8M	5.3M	6.0M	51.8M	64.6M	67.8M
Inventory	88.0M	83.9M	114.9M	153.7M	189.8M	199.3M
Other Current Assets	4.8M	3.2M	5.8M	4.6M	4.6M	9.1M
Other Stockholder Equity	151.1M	151.2M	151.4M	152.4M	153.6M	156.9M
Total Liab	134.0M	116.0M	150.3M	208.0M	299.3M	314.3M
Property Plant And Equipment Gross	92.4M	100.1M	97.7M	113.1M	218.4M	229.3M
Total Current Assets	287.5M	286.3M	329.0M	376.0M	510.5M	536.0M
Accumulated Other Comprehensive Income	(5.5M)	(2.8M)	(4.9M)	(9.2M)	(5.9M)	(6.2M)
Short Term Debt	719K	375K	752K	622K	640K	608K
Other Assets	521K	1.9M	533K	708K	637.2K	605.3K
Long Term Debt	10.2M	15.5M	5.0M	45M	60M	63M
Property Plant Equipment	90.7M	98.6M	96.5M	112.1M	129.0M	135.4M
Other Liab	3.4M	4.1M	5.2M	6.2M	7.2M	4.0M
Current Deferred Revenue	324K	272K	257K	242K	10.9M	11.5M
Net Tangible Assets	246.3M	270.8M	276.9M	281.8M	324.1M	221.2M
Retained Earnings Total Equity	112.3M	133.9M	141.9M	150.1M	172.6M	181.3M
Capital Surpluse	151.1M	151.2M	151.4M	152.4M	175.3M	165.3M
Deferred Long Term Liab	3.4M	4.1M	5.2M	6.2M	7.2M	7.5M
Long Term Debt Total	5.0M	15K	0.0	45M	51.8M	54.3M

Pair Trading with Miller Industries

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Miller Industries position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Miller Industries will appreciate offsetting losses from the drop in the long position's value.

Moving together with Miller Stock

0.66

BBU

Brookfield Business

Pair Corr

Moving against Miller Stock

0.8	RUN	Sunrun Inc	Pair Corr
0.72	CVGI	Commercial Vehicle	Pair Corr
0.63	WPRT	Westport Fuel Systems	Pair Corr
0.62	EFSH	1847 Holdings LLC	Pair Corr
0.58	PLOW	Douglas Dynamics	Pair Corr

The ability to find closely correlated positions to Miller Industries could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Miller Industries when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Miller Industries - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Miller Industries to buy it.

The correlation of Miller Industries is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Miller Industries moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Miller Industries moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Miller Industries can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

Additional Tools for Miller Stock Analysis

When running Miller Industries' price analysis, check to measure Miller Industries' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Miller Industries is operating at the current time. Most of Miller Industries' value examination focuses on studying past and present price action to predict the probability of Miller Industries' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Miller Industries' price. Additionally, you may evaluate how the addition of Miller Industries to your portfolios can decrease your overall portfolio volatility.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC